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Only a bid for Varig purchase

Rio de Janeiro, Brazil - Only the airline employees joined the call for bids

The sale auction for Varig, Brazilian flag airline, took place yesterday. Only TGV (Trabalhadores do Grupo Varig), the group composed by the carrier employees, joined the call for bids, offering the equivalent amount of USD 449m, which is little more than half USD 860m scheduled minimum price. Now the judge in charge must decide within today if the bid is valid, even if there are many doubts and the...

AVIONEWS - World Aeronautical Press Agency - 142481
Rome, Italy, 06/09/2006 15:55
AVIONEWS - World Aeronautical Press Agency

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